Learning objective
- To create a weekly budget.
Success criteria
- I can identify different sources of income and
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National curriculum
The National Curriculum
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Cross-curricular links
British values
Democracy
- Embrace
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Before the lesson
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Lesson plan
Recap and recall
Show the Presentation: Brain dump and use the activity to recap learning from the previous lesson. Hand out the whiteboards and pens (one each) and ask the children to write everything they can about prioritising needs over wants.
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Extended-mode explainer videos
How to extend your display to view the lesson page and preseantion mode simultaneously. Choose your operating system below to watch the video
Adaptive teaching
Pupils needing extra support
Could identify one source of income and one type of expenditure; should use the Activity: Budget sheet: support version in the Main event.
Pupils working at greater depth
Should elaborate on their choices by breaking down more specific budget categories, exploring different types of income and discussing the implications of various expenditures; Could give more than one way to budget when discussing Presentation: Spending scenarios.
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Assessing progress and understanding
Pupils with secure understanding indicated by: engaging in discussions about
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Vocabulary definitions
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allocate
To distribute resources or duties for a particular purpose.
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budget
An estimate of income and expenditure for a set period.
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In this unit
Assessment - RSE & PSHE Y5: Economic wellbeing
Lesson 1: Why prioritise needs over wants?
Lesson 2: What is a weekly budget?
Lesson 3: What is borrowing and loaning?
Lesson 4: What are the risks of handling money online?
Lesson 5: Why challenge workplace stereotypes?
Lesson 6: What makes a suitable career?